HomeMy WebLinkAboutORD 5581CITY OF RENTON, WASHINGTON
ORDINANCE NO. 5581
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING THE
PROPERTY TAX LEVY FOR THE YEAR 2011 FOR GENERAL CITY OPERATIONAL
PURPOSES AND INCREASING THE LEVY AMOUNT BY ONE PERCENT (1%) OF THE
LEGALLY PERMISSIBLE TAX LEVY FROM 2010.
WHEREAS, the City Council has met and considered the City's budget for the calendar
years 2011 and 2012; and
WHEREAS, the City Council, after hearing and duly considering all relevant evidence and
testimony presented, determined that in order to discharge the expected expenses and
obligations of the City and in its best interest, the City requires a regular levy in the amount of
thirty-two million three hundred thirty thousand dollars ($32,330,000), which includes an
increase in property tax revenue from the following sources: a) an increase from the previous
year of one percent (1%), b) the amounts resulting from the addition of new construction and
improvements to property, c) any increase in the value of state-assessed property, d) the
amounts authorized by law as a result of any annexations that have occurred, and e) relevy of
any refunds made;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES
ORDAIN AS FOLLOWS:
SECTION I. The regular property tax levy is hereby authorized for the 2011 levy in the
amount of thirty-two million three hundred thirty thousand dollars ($32,330,000), which is an
increase of one percent (1%) from the previous year plus the amount for new construction and
annexations.
ORDINANCE NO. 5581
This increase includes revenue resulting from the following sources: a) an increase from
the previous year of one percent (1%), b) the amounts resulting from the addition of new
construction and improvements to property, c) any increase in the value of state-assessed
property, and d) the amounts authorized by law as a result of any annexations that have
occurred, and e) relevy of any refunds made.
SECTION II. This ordinance shall be effective upon its passage, approval, and five (5)
days after publication.
PASSED BY THE CITY COUNCIL this 22nd day of November 2010.
Bonnie I. Walton, City Clerk
APPROVED BY THE MAYOR this 22nd day of November , 2010.
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Denis Law, Mayor
Approved as to form:
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Lawrence J. Warren, City Attorney \ o •-.
Date of Publication: 11/26/2010 (summary) s ,* '*!
ORD:1680:10/25/10:scr
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